Stock Trend Analysis Report
Prepared for you on Wednesday, May 24, 2017.
MELCOR DEVELOPMENTS LTD (TSE:MRD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MRD
The long term trend has been UP since Dec 29th, 2016 at 14.47
The intermediate term trend has been DOWN since May 2nd, 2017 at 16.20
The short term trend has been DOWN since May 17th, 2017 at 16.25
Smart Scan Analysis for MRD
Based on a pre-defined weighted trend formula for chart analysis, MRD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||16.99||Year High Date||2017-04-10|
|Year Low||13.8||Year Low Date||2017-02-06|
|52wk High||16.99||52wk High Date||2017-04-10|
|52wk Low||12.16||52wk Low Date||2016-11-17|
|Year End Close||15.75||Average Volume||5,170|